Trade Alert: NEO (NEO) Hits 1-Month High Ahead of DevCon 2019


The price of NEO (NEO), a Chinese-based blockchain platform, hit a 1-month high today as the project prepares for the upcoming Seattle DevCon event on February 16.

NEO is now up 17.3% over the last week to $8.39, bringing the project to a $545.4 million market cap.

NEO bounced off $7 support in early February and has moved higher since.

Seattle DevCon 2019

Significant interest surrounds the upcoming DevCon event, as it is will feature major updates pertaining to NEO 3.0, a new version of the project’s platform designed to address key technical areas to support it at scale.

“At the conference, NEO Foundation and its subsidiaries will announce roadmap and plans for the future. Industry experts from top tech companies and leading scholars will share their insights on ‘decentralization’, ‘Layer 2’, ‘distributed storage’ and other blockchain-related frontier topics,” states NEO’s website.

Additionally, the event includes a long list of potentially interesting speakers, including NEO founders Erik Zhang and Da Hongfei, author Ted Neward and Blacat founder Sean Chen.

Final Take

Given that NEO 3.0 will make NEO divisible and boost the platform’s transactions per second (TPS), the project should become more user and enterprise-friendly, allowing for larger-scale dapps to run on the network. If a final launch date is announced at DevCon, it could be enough to spark further bullish interest in NEO.

More: Here’s What We Know About NEO 3.0
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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